Abacus Life Inc
For the period ended Jun 30, 2024. Filed Aug 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 12, 2024
ABX$9.13+1.6%Stored close · as of Nov 10, 2026
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Unaudited Statements of Operations and Comprehensive Loss
ABACUS SETTLEMENTS, LLC
UNAUDITED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS
| Three Months EndedJune 30, 2023 | Six Months EndedJune 30, 2023 | |
|---|---|---|
| Origination revenue | $1,689,088 | $3,252,738 |
| Related party revenue | 5,195,602 | 9,931,938 |
| Total revenue | 6,884,690 | 13,184,676 |
| Cost of revenue | 1,505,333 | 2,734,949 |
| Related party cost of revenue | 3,392,647 | 6,558,354 |
| Total cost of revenue | 4,897,980 | 9,293,303 |
| Gross Profit | 1,986,710 | 3,891,373 |
| OPERATING EXPENSES: | ||
| General and administrative expenses | 2,297,577 | 4,848,580 |
| Depreciation | 2,561 | 5,597 |
| Total operating expenses | 2,300,138 | 4,854,177 |
| Loss from operations | (313,428) | (962,804) |
| OTHER INCOME (EXPENSE): | ||
| Interest income | 1,193 | 1,917 |
| Interest (expense) | (5,863) | (11,725) |
| Total other (expense) | (4,670) | (9,808) |
| Loss before provision for income taxes | (318,098) | (972,612) |
| Provision for income taxes | — | 2,289 |
| NET LOSS AND COMPREHENSIVE LOSS | $(318,098) | $(974,901) |
| WEIGHTED-AVERAGE UNITS USED IN COMPUTING NET LOSS PER UNIT: | ||
| Basic and diluted | 400 | 400 |
| NET LOSS PER UNIT: | ||
| Basic and diluted loss per unit | $(795.25) | $(2,437.25) |
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